Financial investors exit invesment in Venyu Solutions
Sep 04, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Venyu Solutions, Inc. has been acquired by EATEL, a provider of telecommunications services. Both the companies are based in the US.
Venyu is a provider of data center, managed hosting, cloud, virtualization, and data protection solutions backed by investment firms Gladstone Investment Corporation and Madison Parker Capital, LLC. Venyu has approximately 75 employees.
Charlesmead Advisors, LLC acted as financial advisor to EATEL.
Deal Type Private Equity
Deal Status Completed: 2013-09-04
Target (Company) Venyu Solutions, Inc.
Acquirer (Company) EATEL
Vendor (Company) Madison Parker Capital, LLC
The acquisition provides complementary service lines with integrated business solutions.
According to EATEL, "the acquisition of Venyu positions EATEL within the rapidly growing cloud-based business services, data center and hosting markets. Venyu's success in the Gulf South coupled with EATEL's expanding fiber network and corporate footprint will provide both entities with new growth opportunities."
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